E.B. Tucker, director of Metalla Royalty, believes the Fed will never taper bond purchases. He said if they did, the consequences would be “catastrophic.” In other news, prices on all purchases keep going up. CNBC has taken a look at how you can get the best bang for your buck!
Kitco News/David Lin
Fed will never taper because consequences will be “catastrophic” – E.B. Tucker
When will the Fed taper? Never, says E.B. Tucker, director of Metalla Royalty and author of “Why Gold, Why Now?”
“Now the debate is why will they stop [quantitative easing]? They’ll never stop. It’s never going to stop,” Tucker told David Lin, anchor for Kitco News.
Tucker said that inflation is not transitory, and the Fed needs it, like a drug addiction.
“This is 14 years into an economic emergency. Remember, it was 13, 14 years ago that we said we just need a little bit of help…imagine, 13 years later, you’re still taking on a lot of help,” he said.
Read the full story, here.
Here are some tips for beating inflation as prices start to rise
Anyone buying a new car, or even a cup of coffee, has noticed that prices are going up.
Last month, inflation accelerated at its fastest pace in about 13 years as the economic recovery gained steam, the Labor Department said. Year over year, prices increased 5.3%.
Meanwhile, median household income fell 2.9% during the pandemic, the first significant decline in nearly a decade, according to new data from the U.S. Census Bureau.
However, there are ways to combat inflation even without a pay increase. Here are three places to start:
You can read the full story, here.
Yahoo Finance/Sigrid Forberg
New proposal calls for family stimulus checks to last until 2025 as third round begins
The parents of about 60 million children are poised to receive their third child tax credit payment this week.
The buffed-up monthly checks are primarily being used to cover household expenses and pay down debt, according to census data, and are lifting a huge number of children out of poverty.
Now, Democratic lawmakers are planning to keep these “family stimulus checks” going for years to come — but the proposal faces some big obstacles ahead.
Watch the full interview, here.